The development Officer gives wrong information about the plan, offers attractive incentive and after receiving your cheque forgets everything. Immediately , on receipt of the cheque, the same is encashed but the commencement of policy can take any time under the pretext of processing. In my case, it took 14 days. After lot of complaints to customer Service, IRDA and MD , HDFC Life very reluctantly offered me interest for 14 days @ 4%.. They call it Bank rate. I am still to find out which Bank rate are they mentioning. I know only one thing that, if there is even one day in delay in payments to these organizations including HDFC, HDFC bank, they suck your blood with penalties and late fee interest..
If they are in the business of looting their clients, why don’t they apply the same yardstick to themselves. The only advice that I would like to say that keep away from the big name of Deepak Parikh.
Ravinder Kumar